The Financial and Monetary Crimes Fee (EFCC) says the President of the Nigeria Bar Affiliation (NBA), Paul Usoro (SAN), has a case to reply over alleged N1.four billion fraud.
This was disclosed by EFCC’s Performing Spokesman, Mr Tony Orilade in Abuja on Friday.
Orilade mentioned that: “Certainly, the EFCC had invited Usoro in June this 12 months, to clarify his function concerning the influx of N300 million from the Akwa Ibom State Authorities’s Account into the account of Paul Usoro Chambers, PUC.”
“Usoro was additionally questioned on the combination influx of N1, 110,000,000 from the state authorities’s account into the checking account of PUC.
“From the foregoing and consistent with the mandate of the fee, the SAN, positively has inquiries to reply earlier than a reliable court docket of jurisdiction on allegation of cash laundering.
“No quantity of intimidation and or razzmatazz can cease the fee from finishing up professional project of investigation and prosecution of economic impropriety.
“Underneath interrogation, Usoro had claimed that the varied sums of cash acquired from the Akwa Ibom State Authorities, beneath the administration of Governor Udom Emmanuel have been funds for “authorized charges” to him.
“The fee was additionally to different eminent members of the Internal Bar and a bunch of different members of the Outer Bar that I had engaged to work with me in respect of the Election Petition matter involving the governor,” he mentioned.
Usoro was additional quoted to have acknowledged that the funds have been “unbiased transactions and that the Akwa Ibom authorities’s funds on the account have been in respect of my Agency’s skilled providers to it, whereas the funds to the senior counsel have been made by me for and on behalf of Governor Emmanuel Udom at his request.
“Whereas we don’t intend to interact the realized silk on the pages of newspapers, on media panorama, the EFCC needs to state that it does have regard for the Rule of Regulation and on this regard, the mentioned “client-lawyer privilege”.
“But it surely must be acknowledged that what’s at stake, is the legitimacy of the supply of the cash used for the varied funds.
“It’s price reiterating that whereas the EFCC has “Particular Powers” to analyze suspicious monetary transactions, Part 18 (d) of the EFCC Institution Act 2004, empowers the fee to analyze and prosecute any particular person, who engages within the concealment or disguise of the true nature, supply, location, disposition, motion, rights, with respect to or possession of property understanding such property is derived from any offence referred beneath this Act commits an offence.
“From all intent and functions, fee of over N1.four billion to Usoro from the accounts of Akwa Ibom authorities for unofficial transaction, is nothing in need of felony diversion of public funds,” he mentioned.